Two Sigma Investments LP Sells 26,154 Shares of SpartanNash (NASDAQ:SPTN)

Two Sigma Investments LP decreased its holdings in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 18.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,404 shares of the company's stock after selling 26,154 shares during the quarter. Two Sigma Investments LP owned 0.34% of SpartanNash worth $2,114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SPTN. Invesco Ltd. boosted its position in SpartanNash by 25.1% during the 4th quarter. Invesco Ltd. now owns 1,243,507 shares of the company's stock worth $22,781,000 after acquiring an additional 249,616 shares during the period. American Century Companies Inc. lifted its position in shares of SpartanNash by 14.2% in the fourth quarter. American Century Companies Inc. now owns 1,042,192 shares of the company's stock worth $19,093,000 after purchasing an additional 129,907 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SpartanNash by 115.6% during the fourth quarter. JPMorgan Chase & Co. now owns 220,964 shares of the company's stock worth $4,048,000 after purchasing an additional 118,478 shares during the period. ProShare Advisors LLC grew its position in SpartanNash by 31.3% during the fourth quarter. ProShare Advisors LLC now owns 422,921 shares of the company's stock valued at $7,748,000 after purchasing an additional 100,833 shares in the last quarter. Finally, AMH Equity Ltd grew its position in SpartanNash by 316.7% during the fourth quarter. AMH Equity Ltd now owns 125,000 shares of the company's stock valued at $2,290,000 after purchasing an additional 95,000 shares in the last quarter. Hedge funds and other institutional investors own 84.59% of the company's stock.

SpartanNash Stock Up 0.1%

Shares of SPTN traded up $0.01 during midday trading on Thursday, reaching $18.41. 271,563 shares of the stock were exchanged, compared to its average volume of 271,155. The company has a market cap of $623.25 million, a price-to-earnings ratio of -1,841.00 and a beta of 0.42. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. SpartanNash has a 12-month low of $17.30 and a 12-month high of $23.00. The firm has a 50 day simple moving average of $19.58 and a 200-day simple moving average of $19.23.

SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The company had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.87 billion. The business's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Research analysts forecast that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Friday, June 13th. SpartanNash's payout ratio is -275.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of SpartanNash from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Northcoast Research lowered SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a report on Wednesday, February 19th.

SpartanNash Company Profile

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.